Elizabeth Holmes asks President Donald Trump to let her out of prison early
CNN • • business
Key Points:
- Elizabeth Holmes, former Theranos CEO, has filed a request with the Department of Justice seeking early release from her 11-year prison sentence, potentially reducing her time by nearly six years.
- Holmes was convicted in 2022 of defrauding investors and began serving her sentence in a federal prison in Texas in 2023; her convictions and a $452 million restitution order were upheld by a US appeals court last year.
- Theranos, once valued at $9 billion, was founded by Holmes and claimed revolutionary blood-testing technology, but investigations revealed the technology was flawed, leading to fraud charges against Holmes and former Theranos President Ramesh “Sunny” Balwani.
- Holmes is currently incarcerated at Federal Prison Camp Bryan, a minimum-security
